--- Doug Henwood <dhenwood at panix.com> wrote:
> [from an analysis by Greenwich Capital]
>
> It is, of course, an open question whether housing
> is poised for a
> precipitous decline. One finds cause for alarm in
> the fact that
> mobile homes in Malibu are trading for more than
> $1mm. Remember,
> with a mobile home, you generally don't own the
> land, you still pay
> rent for your lot, and mortgage financing is hard to
> come by. On
> the other hand, you do get preferred seating at the
> Jerry Springer
> Show.
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